For decades, getting solar panels was synonymous with getting sticker shock. Solar is now more affordable than ever with the help of government incentives.

Let’s take a look at an example.

This family’s solar system and installation came in at $42,966.

The federal tax incentive takes care of 30% of the total price, at $12,889.80.

State tax incentives may be available depending on where you live. This Utah family will use the state’s $2,000 tax credit.

Now the family will only pay $28,076.20 for their solar system, which will roll into monthly payments structured to fit their needs. With a ten-year payment plan, this family will now pay $233.97 every month instead of $358.05, the amount it would have been before tax credits. That's almost a $125 difference every month and nearly $1,500 annually!